Republic of Korea

Amounts in this report are updated as of 31 December 2014.New pledges from the January 2015 replenishment meeting will be included in the next update of this report (for Q1-2015).

Proceeds to Gavi from donor contributions & pledges (2011-2015) as of 31 December 2014

Note: Proceeds are the funds made available to Gavi for the period from donor contributions and commitments, either through cash payments made to Gavi, through the frontloading via the capital markets of a donor future commitment to IFFIm, or AMC funds released to Gavi via the World Bank. Proceeds are subject to change from factors including new pledges announcements, Gavi's cash flow needs from IFFIm and the impact of foreign currency changes. Figures do not include IFFIm agreements that have yet to be formally signed.

All 2000-2014 direct and Gavi Matching Fund contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015-2034 direct and Gavi Matching Fund pledges are expressed in US dollars at 31 December 2014 exchange rates.

Contributions and pledges over time (US$ millions)

Click on Direct, IFFIm, AMC or Matching Fund in the above key to toggle their data on the graph, click again to show the data

Notes:
Contributions comprise direct contributions already received by Gavi from donors, contributions made to IFFIm and the AMC donor contributions to the World Bank. All 2000-2014 direct, Matching Fund, and AMC contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015-2034 direct, Matching Fund, and AMC pledges are expressed in US dollars at 31 December 2014 exchange rates.

All 2000-2014 IFFIm contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015-2034 IFFIm pledges by donors in US dollars and US dollar equivalent amounts of national currency pledges calculated using prevailing exchange rate at the time of signing of the grant agreement. These contributions are hedged at the time the grant agreement is signed. These contributions have not been reduced by a notional 3% provision to allow for any potential reduction arising from the High Level Financing Condition of the IFFIm Finance Framework Agreement.

Funding history

In July 2010, the Republic of Korea became a donor to Gavi with an initial direct contribution of USD 1 million over three years (2010-2012).

The new multiyear pledge for 2013-2017 was announced at the MTR (USD 5 million over 5 years) and the first instalment (USD 1 million) has been transferred to Gavi. This new contribution has been matched by the Bill and Melinda Foundation through their Challenge Grants.